The Northern, Arriva Trains Wales, ScotRail and Merseyrail franchises all make operating losses exceeding £5 per train mile before the fixed costs of running the rail network are taken into account, according to analysis for the Office of Rail and Road (ORR).
Cambridge Economic Policy Associates (CEPA) and SYSTRA compared passenger revenues and operating costs per train mile for every franchise using data from 2015/16. Operating costs considered were staff, fuel, rolling...
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